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Thank You Very Much Everybody Appreciate It
This is mostly an economic conference and we have Steve Minuchin with Us Larry Kudlow I’d like to just announce the spectacular news for American workers and American families and for our country as a whole there’s not been anything like this at record setting it was just put out that the United States economy added almost 5 million jobs in the month of June shattering all expectations. I was watching this morning and the expectations were much lower than that the stock market is doing extremely well which means to me jobs sort of means jobs does the largest monthly jobs gain in the history of our country. The unemployment rate fell by more than two percentage points down to just about eleven percent. We’re down to the 11 percent number. We started at a number very much higher than that as.
You Know We Broke The Record Last
month and we broke it again this month in an even bigger way. This news comes on top of MAy’s Extraordinary jobs report, which was revised upwards by the way to 2. 7 million jobs. It was 2. 5 that was last month and that was a record setter, but it actually got a little bit better.
We Revised It And It Was Revised Upward
to 2.7 million jobs for a combined total of 7. 5 million jobs created in the last two months and that’s a record by many millions of jobs, so it’s 7. 5 million jobs created in the last two months alone. Today.
- unemployment
- economy
- employment
- economic
- jobs
S Announcement Proves That Our Economy Is Roaring Back
it’s coming back extremely strong. We have some areas where we’re putting out the flames of the fires and that’s working out well. We’re working very closely with governors and I think. It’s working out very well. I think you’ll see that shortly in June We added 2.
1 Million Leisure And Hospitality Jobs, 740,000 Retail
job, five hundred and sixty-eight thousand education and health care jobs, three hundred and fifty-seven thousand service jobs. These are all historic numbers and three hundred and fifty-six thousand manufacturing jobs and manufacturing looks like it’s ready to really take off at a level that it’s never been before and a lot of that has to do with our trade policy because we’re bringing manufacturing back to our country, and these take a long time to get to get going and they’re now going so. These are historic numbers. I’m really happy when I see three hundred and fifty-six thousand manufacturing jobs and that’s just a small number compared to what it will be soon because of our great trade deals African-american workers really. Me made historic gains with four hundred and four thousand jobs added last month alone and that’s a record and the second largest jump will be last month and what we have if you add the two months together.
Its Seven Hundred Thousand Jobs For
African American workers added in the last two months and that’s a record by a lot. Likewise, Hispanic employment is up by 1. 5 million jobs a record by a lot. Hispanic employment up one point five million jobs. Three million more women were employed in the month of June.
A Record Never Had A Number Like That
workers with a high school education or less made the biggest strides of all so people that have just a high school education or have less than a high school education with unemployment. Those without a high school diploma dropped a full three point three percentage points that’s. The largest drop in recorded history. Eighty percent of small businesses are now open eighty percent and we think we’re going to have some very good numbers in the coming months because others are opening and especially as we put the flame out getting rid of the flame it’s happening new business applications have doubled since late March that’s a number that is not even thinkable to achieve this early into a pandemic. The latest is M manufacturing report rose 10 percentage points with new orders jumping a remarkable 25 percentage points or a record consumer confidence which is great that’s a great number to me because that means confidence is really good.
If You Dont Have Good Consumer Confidence.
It’s like life if you don’t have confidence you’re not gonna do very well. Consumer confidence has risen 12 points since April and six months job expectations hit the all-time. All-time high.
- months today announcement proves economy
- unemployment rate fell
- revised upward million jobs combined
- economy roaring coming extremely strong
- news comes extraordinary jobs report
Summary
The United States economy added almost 5 million jobs in the month of June shattering all expectations . The unemployment rate fell by more than two percentage points down to just about eleven percent . We added 2.&1 million leisure and hospitality jobs, 740,000 retail job, five hundred and sixty-eight thousand education and health care jobs, three hundred and fifty-seven thousand service jobs . We’re working very closely with governors and I think.& It’s working out very well. I think you’ll see that shortly in June in June, Larry Kudlow said. The announcement proves that our economy is roaring back it’s coming back extremely strong. We have some areas where we’re putting out the flames of the fires and that is working out well. We’re going to be back on the road again, he said. Thank you very much everybody appreciate it? The announcement was made today. The news comes on top of the Extraordinary jobs report, which was revised upwards by the way to…. Click here to read more and watch the full video